A modest recovery is still expected in Nova Scotia’s projected real GDP growth despite a
slight downward adjustment to 1.2% from Q2's projection of 1.7%. This adjustment is due in
part to further delays in the Deep Panuke offshore natural gas facility, which is now expected to contribute to growth in 2014, as well as a slow start up in domestic activity this year. Year-to-date employment rates dropped in August, bringing down any previous indications of improvement in the province's labour markets this year (RBC). Key challenges in the labour market include availability of skilled labour; the result of out-migration to the western provinces, along with productivity performance (BMO Capital Markets).
Source : Cushman & Wakefield